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THEAMERICANCONSERVATIVE (David Brady) - Technology Stocks Face Uncertainty Following Previous Day Sell-Off

State of the Union: Worries over an AI bubble and rate hikes helped to drive down tech stocks. The post Technology Stocks Face Uncertainty Following Previous Day Sell-Off appeared first on The American Conservative .

The NASDAQ composite index ended Tuesday down 2.2 percent, a dive driven by falling tech stocks. AI and chip stocks spearheaded the decline, with key companies like Tesla (TSLA ), and Nvidia (NVDA ) down 5.82 and 3.91 percent respectively over the past five days.  One key driver of the decline was fear ahead of earnings reports from Micron Technology, a key chipmaker, after market close on Wednesday. Micron fell 13 percent on the day, alongside the South Korean chipmakers Samsung Electronics and SK Hynix, which fell 12 percent over the same period.  These declines come as major AI companies, OpenAI and Anthropic, plan to offer shares on the public markets, raising questions about their long-term profitability.  Corporate…Open

AXIOS (Avery Lotz) - Americans say founders would give grim 250th report card: poll

Data: Gallup ; Chart: Avery Lotz/Axios Back in 2001, most Americans thought the Founding Fathers would be pleased with how our country turned out. - Today, fewer than one in five agree, according to a recent poll. Why it matters: Few things unite Americans in its 250th year like their shared conviction — across party, age, race and income — that the country has let its founders down. By the numbers: More than three in four Americans (77%) say the signers of the Declaration of Independence would be disappointed by the United States we see today, the highest level of disappointment Gallup has ever seen. - Just 19% say the founders would be pleased, down from 27% in 2013. Between the lines: Republicans (25%) are more likely than…

Data: Gallup ; Chart: Avery Lotz/Axios Back in 2001, most Americans thought the Founding Fathers would be pleased with how our country turned out. - Today, fewer than one in five agree, according to a recent poll. Why it matters: Few things unite Americans in its 250th year like their shared conviction — across party, age, race and income — that the country has let its founders down. By the numbers: More than three in four Americans (77%) say the signers of the Declaration of Independence would be disappointed by the United States we see today, the highest level of disappointment Gallup has ever seen. - Just 19% say the founders would be pleased, down from 27% in 2013. Between the lines: Republicans (25%) are more likely than…Open